Note Payable Help Guides

What Is a Promissory Note? A promissory note or promissory letter is a written and signed agreement between two parties to repay a definite sum of money by a specific time. The terms of a legal promissory note include the amount to be......

Promissory Notes Are Vital Documents When an individual or business borrows money from another individual or entity, a promissory note is always utilized to ensure repayment of the loan amount. It is a vital legal instrument used by the lender......

Starting a small business is one of the most challenging individual endeavors a person can undertake. It is basically putting yourself and your future on the line and gambling that you and your business idea are valuable enough to provide you......

Promissory Notes Are Legal Contracts A promissory note or promissory letter is a legal instrument similar in nature to any common law contract. In order for a contract to be enforceable, it must contain certain legal conditions such as an......

Promissory Notes and Bank Loans The promissory note or promissory letter is a binding legal instrument that acts as a borrower's promise to repay a private loan to a lender. Many individuals have the perception that a promissory note is......

Borrowing money from a friend or loaning money to a family member can be a somewhat uncomfortable event should things not go as planned. Because of this, asking to borrow money from or loaning money to someone who is a close friend or relative......